Advancing mental health concerns is driving the growth in Global Light Therapy Lamps Market in the forecast period, 2022-2026.
According to TechSci Research report, “Global Light Therapy Lamps Market By Type (Floor Lamp, Table/Desk Lamp, Others) By Light Type (White Light, Blue Light, Red Light and Others) By End User (Dermatology Clinics, Home Care and Others) By Distribution Channel (Supermarket & Hypermarkets, Electronic Stores, Online and Others) By Region, Competition Forecast & Opportunities, 2026”, the global light therapy lamps market may potentially project an impressive growth in the forecast period, 2022-2026, with an impressive CAGR on the account of rising instances of skin related problems. Rising instances of psoriasis, vitiligo and eczema is substantiating the growth of global light therapy lamps market in the upcoming five years. Moreover, increased cases of mental disorders like seasonal mood swings, various types of depression, sleep related disorders, and behavioral issues is further aiding the growth of the global light therapy lamps market. The therapy is actively utilized to overcome skin problems, obesity, daily mood swings and cosmetic surgeries and thus driving the growth of the global light therapy lamps market in the next five years.
Light therapy involves daily exposures that are often scheduled for a time slot to the intense levels of artificial lights to regulate mental problems. Regulation of seasonal mood swings, to improve sleeping patterns, and infuse a general sense of well-being the process of light therapy is beneficial. Light therapy lamps are specifically designed light lamps that emits ultraviolet (UV) light. The emitted light causes a chemical change in the brain that lifts your mood and eases other symptoms of seasonal affective disorder.
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The global light therapy lamps market segmentation is based on type, light type, end user, distribution channel, regional distribution, and competitional landscape. Based on light type, the market is further segmented into white light, blue light, red light and others. White light is anticipated to dominate the market segment on the account of its increased affectivity in the method of light therapy. White (UV) light is used a treatment for conditions like seasonal affective disorder, certain types of depression, jet lag, sleeping disorders, irregular sleeping schedules, and dementia. The rising incidences of these disorders is substantiating the growth of the market segment in the next five years, and thereby aiding the growth of the global light therapy lamps market. Blue light therapy is used for treating sun damage and premalignant or malignant skin cancer growths. It prevents skin cancer and removes both precancerous skin lesions and cancerous skin lesions that haven’t spread to other areas of the body (or metastasized).
Based on type, the market is further bifurcated into floor lamp, table/desk lamp, and others. Floor lamps are anticipated to dominate the market segment with its highest revenue shares of the market in the upcoming five years on the account of increasing demands for the light therapy by the population. Growing concerns for the mental health and rising demands due to various depression therapies is substantiating the growth of the floor lamps in the next five years. According to the National Institute of Mental Health, approximately more than 51 million people were living with mental illness in the U.S. in 2019. Floor lamps as the light therapy product helps in seasonal affective disorder (SAD) by potentially improving the serotonin levels. Also, increasing cases of sleeping disorders are creating demand for various light therapy products. Table/ desk lamps are expected to register maximum growing CAGR rate on the account of rising awareness among the population and their inclination toward light therapy to combat seasonal mood swings, irregular sleeping patterns, etc.
Holding the major shares of the global light therapy lamps market are Verilux, Inc., Koninklijke Philips N.V., Beurer GmbH, Fairdeals Lites P Ltd (murphy’ LED Lights), Nature Bright, Outside In (Cambridge) Ltd (Lumie), Aura, Sphere Gadget Technologies, Carex Health Brands, Inc., Thrasio company (Circadian Optics), among others. Market players are actively involved in the research and technological development in the product developments. The advanced technology has made it possible for the industry to provide excellent services through light therapy lamps. Further advancement would aid the market value and brand establishment in the future five years. New market players may focus on the research and development to provide options that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
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“Asia Pacific region is anticipated to be highest revenue generating market as well as is anticipated to dominate the global-regional analysis. The market growth can be attributed to the low cos and affordable light therapies available in the major economies of the region like, China, Japan, South Korea, etc. This affordable cost is encouraging consumers for light therapy in other countries like India, Malaysia, Thailand etc. Owing to its ability to stimulate cells, plump, whiten, and repair the skin the concept of light therapy is popularizing in the recent years. New market players must concentrate and invest over technological advancements for their brand establishment,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Global Light Therapy Lamps Market By Type (Floor Lamp, Table/Desk Lamp, Others) By Light Type (White Light, Blue Light, Red Light and Others) By End User (Dermatology Clinics, Home Care and Others) By Distribution Channel (Supermarket & Hypermarkets, Electronic Stores, Online and Others) By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global light therapy lamps and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global light therapy lamps market.
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